Quinn Opportunity Partners LLC Boosts Stock Holdings in Matthews International Co. (NASDAQ:MATW)

Quinn Opportunity Partners LLC boosted its stake in shares of Matthews International Co. (NASDAQ:MATW - Free Report) by 100.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 192,620 shares of the company's stock after acquiring an additional 96,646 shares during the period. Quinn Opportunity Partners LLC owned about 0.62% of Matthews International worth $5,332,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Quadrant Capital Group LLC boosted its stake in Matthews International by 551.8% during the fourth quarter. Quadrant Capital Group LLC now owns 906 shares of the company's stock worth $25,000 after buying an additional 767 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Matthews International by 1,865.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,500 shares of the company's stock valued at $125,000 after purchasing an additional 4,271 shares during the period. BNP Paribas Financial Markets raised its stake in Matthews International by 7.7% during the third quarter. BNP Paribas Financial Markets now owns 6,602 shares of the company's stock worth $153,000 after purchasing an additional 471 shares during the period. AlphaQuest LLC purchased a new stake in shares of Matthews International in the 4th quarter valued at approximately $154,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Matthews International during the 4th quarter valued at about $155,000. Institutional investors and hedge funds own 83.08% of the company's stock.

Matthews International Stock Down 4.9 %

Shares of MATW stock traded down $1.03 during trading on Wednesday, reaching $19.82. The company's stock had a trading volume of 120,054 shares, compared to its average volume of 182,128. The company has a market capitalization of $613.81 million, a price-to-earnings ratio of -10.06 and a beta of 1.07. Matthews International Co. has a 1-year low of $18.50 and a 1-year high of $32.24. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.58 and a quick ratio of 0.96. The stock's 50-day moving average price is $23.10 and its 200 day moving average price is $25.45.

Matthews International (NASDAQ:MATW - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.12). Matthews International had a negative net margin of 3.48% and a positive return on equity of 12.88%. On average, research analysts anticipate that Matthews International Co. will post 1.73 EPS for the current year.

Matthews International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Monday, February 10th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.05%. The ex-dividend date of this dividend was Monday, February 10th. Matthews International's payout ratio is currently -50.76%.

About Matthews International

Matthews International Corporation provides brand solutions, memorialization products, and industrial technologies worldwide. It operates through three segments: Memorialization, Industrial Technologies, and SGK Brand Solutions. The Memorialization segment provides bronze and granite memorials, upright granite memorials and monuments, concrete burial vaults, cremation memorialization products, granite benches, flower vases, crypt plates and letters, cremation urns, niche units, cemetery features, and statues, as well as bronze plaques, letters, emblems, vases, lights and photo ceramics, granite monuments, mausoleums, crypts, and flush memorials.